Will there be any dollars available for distribution after all the lawyers have been paid ?
I am told the principal for Soar disappeared back to India some time September/October last year with I am guessing any assets in the bank going with him.
They will have some aircraft for sale but are these financed and the sale of the assets will go straight back to the finance companies.
As much as I think litigation needs to go ahead it worries me just how much the typical student who now has a $70,000 debt is going to get back. I imagine very little if anything at all but hope to be told I am wrong.
Meanwhile, from what I am told, someone is probably living the high life in India.